Financing ·
On July 27, 2026, Polar Power, Inc. entered into a Common Stock Purchase Agreement with Roth Principal Investments…
POLAPolar Power, Inc.
On July 27, 2026, Polar Power, Inc. entered into a Common Stock Purchase Agreement with Roth Principal Investments, LLC, establishing a committed equity facility allowing the company to sell up to $25,000,000 of newly issued common stock. The company holds sole discretion over the timing and amount of sales, which are subject to conditions including the effectiveness of a resale registration statement. Proceeds, if any, will be used for working capital and general corporate purposes, including the growth of its DC power systems business. The agreement includes a $500,000 commitment fee and requires the company to reimburse legal fees. Polar Power, Inc. designs, manufactures, and sells direct current power systems for telecommunications, military, and industrial applications.